Ethos is coming out with an initial public offering (IPO) to raise around Rs 472 crore. The issue will open on May 18, 2022 and will close on May 20, 2022. It has fixed a price band of Rs 836- 878 per share. The equity shares of the company will be listed on BSE and NSE.
Proceeds from the fresh issuance will be utilized for repayment of the debt, funding working capital requirements, opening new stores, and general corporate purposes. Emkay Global Financial Services and InCred Capital Wealth Portfolio Managers are the book-running lead managers to the issue.
Ethos has the largest portfolio of premium and luxury watches in India and retails 50 premium and luxury watch brands like Omega, IWC Schaffhausen, Jaeger LeCoultre, Panerai, Bvlgari, H. Moser & Cie, Rado, Longines, Baume & Mercier, Oris SA, Corum, Carl F Bucherer, Tissot, Raymond Weil, Louis Moinet and Balmain.
